Banks? No, no, no. That's so 20th century. We've got crypto now. As for stocks, just keep buying on every 5% dip. You can't lose.
In all seriousness, last year, when we had FRC, SVB... the market stabilised quite quickly. Seems FRBK was also known to be dead for a while. Don't see it as a catalyst.
I thought maybe a "shock" rate hike would tank the market, too. Starting to doubt that. Markets have already begun to price it in. Would have to be more than one rate hike to stop this momentum. As for a cut, if we do see a cut, we're going to the moon...
Don't think the market's peaked. Just look at Google's price action yesterday. It feeds into the hype and drags indices higher. At 26x earnings, I was almost tempted. |
